Invesco Mortgage Capital has completed its public offering of 900,000 shares of common stock, raising $187 million — cash that will be used for mortgage-related investments.
Using leverage, the REIT will purchase loans and residential and commercial mortgage-backed securities.
The real estate investment trust also plans to use the net proceeds for general corporate purposes.
Credit Suisse and Morgan Stanley acted as joint book-running managers for the offering. Keefe Bruyette & Woods, Stifel, Nicolaus & Co. and JMP Securities served as co-managers.
